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Saturday, December 31, 2016

Good NewsPF has comeout with Notification , accordingly, special survey drive will be initiated from 1st Jan 2017 by department for coverage of the Establishment.The Establishment which is legally liable for coverage will be covered under the Act.Benefits are as below;1. Only Employer Share will be levied. 2. Interest as applicable on Employer's Share.3. Damages @ Rs.1/- Per Annum. 4. No Employees Share. The above will be with a condition that, the Establishment is not legally liable before 01.04.2009.Necessary Notification is as under Employees’ Provident Funds (Seventh Amendment) Scheme, 2016Damages @ Rs.1/- Per Annum. :- Damages=for New Coverage from 1st Apr 2009Edli No Dues to be Paid:- EDli No Contribution for New Covereage from 1st Apr 2009EPF Scheme amendment :- EPF Schmene ammedment for New Coverage frm 1st Apr 2009

Tuesday, December 27, 2016

ESIC limit has been increased from 1st Jan 2017 from Rs 15000 to Rs 21000 Draft rules were published on 6th October 2016 and whereas, objections and suggestions received from persons likely to be affected thereby have been considered by the Central Government Now, therefore, in exercise of the powers conferred by section 95 of the said Act, the Central Government, afterconsultation with the Employees’ State Insurance Corporation, hereby makes the following rules further to amend the Employees’ State Insurance (Central) Rules, 1950, namely:-1. (1) These rules may be called the Employees’ State Insurance (Central) Third Amendment Rules, 2016.(2) They shall come into force from 1st day of January, 2017.2. In the Employees’ State Insurance (Central) Rules, 1950, in rule 50, for the words “fifteen thousand rupees” occurring at both the places, the words ‘twenty one thousand rupees” shall be substituted.Notification copy :- ESIC Notification on 21K limit

Wednesday, December 21, 2016

It is seen from the media reports that there is a general impression that is being created that the Government is bringing an amendment to the Payment of Wages Act to make mandatory the payment of wages to the workers only through cheque or accounts transfers. This is not the correct position.

It is clarified that the government proposes to bring an amendment to Section 6 of the Payment of Wages Act which will further provide crediting the wages in the bank account of the employees or payment through cheque along with the existing provisions of payment in current coin or currency notes.

This is being done to facilitate the employers from making payment of wages using the banking facilities also in addition to the existing modes of payment of wages in current coin or currency notes.

Also, the appropriate Government (Centre or State) will have to come up with the notification to specify the industrial or other establishments where the employer shall pay wages through cheque or by crediting the wages in employees’ bank account. It is, therefore, clear that the option of payment through cash is still available with the employers for payment of wages.

It may be understood that the Payment of Wages Act was passed in the year 1936 (eighty years ago) and the situation prevailing at that point of time has completely undergone a technological revolution. Most of the transactions now take place through the banking channels. The proposal of Ministry of Labour and Employment to bring an amendment to Section 6 of the Act is an additional facility of crediting the wages in the bank account of the employees or payment through cheque along with the existing provisions of payment in current coin or currency notes.

The above proposed amendment will also ensure that minimum wages are paid to the employees and their social security rights can be protected. Thus the employers can no longer under-quote the number of employees employed by them in their establishments to avoid becoming a subscriber to the EPFO or ESIC schemes.

It is also pointed out that the states like Andhra Pradesh/Telangana, Kerala, Uttarakhand, Punjab and Haryana have already come out with notifications to provide for payment through banking channels.

Monday, December 19, 2016

Retirement fund body EPFO today decided to lower the interest on EPF deposits for the current fiscal to 8.65 per cent, from 8.8 provided in 2015-16, for its over four crore subscribers.

"The Employees Provident Fund Organisation's apex decision making body, the Central Board of Trustees (CBT), has taken a decision to lower the interest rate to 8.65 per cent for the current fiscal from 8.8 in 2015-16," Indian National Trade Union Congress Vice-President Ashok Singh told PTI after the meeting at Bengaluru.Bharatiya Mazdoor Sangh General Secretary Virjesh Upadhyay also said that 8.65 per cent rate of interest is fixed on EPF deposits for 2016-17.

As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore.

However, the body could have utilised about Rs 409 crore surplus with it, which accrued after providing 8.8 per cent rate of interest for 2015-16, to retain the same rate of return for the current fiscal.A surplus of about Rs 69.34 crore was stipulated if interest rate was to be lowered to 8.7 per cent.

EPFO has projected income of Rs 39,084 crore for the current fiscal.

As per sources, the Finance Ministry has been asking the Labour Ministry to align the EPF interest rate with other small saving schemes of the government like Public Provident Fund (PPF).

In September, the government reduced interest rates on small savings schemes marginally by 0.1 per cent for the October-December quarter of 2016-17, which resulted in lower returns on PPF, Kisan Vikas Patra, Sukanya Samriddhi Account, among others

The Labour Ministry however wanted to retain 8.8 per cent for the current fiscal as well, a source said

Sunday, December 04, 2016

One of the reasons for ineffective enforcement of payments of wages to workers is the payment of wages in cash. With the passage of time, technology has gone a sea change. A large section of the employed persons have now bank accounts. So, payment of wages only through cheque or through bank transfer in the bank account of employed persons will reduce the complaints regarding non-payment or less payment of minimum wages, besides serving the objectives of digital and less cash economy.

In regards to the above the Central Government, therefore, intends to make amendments in section 6 of the Payment of Wage Act, 1936. The details of the existing provisions and proposed amendments are as under:

Sl.

No.

Section

Existing Provision

Proposed Provision

1

Section 6

“6. Wages to be paid in
current coin or currency notes.- All wages shall be paid in current coin
or currency notes or in both:

Provided that the employer
may, after obtaining the written authorization of the employed person, pay
him the wages either by cheque or by crediting the wages in his bank
account.”

“6. Wages to be paid in
current coin or currency notes.- All wages shall be paid in current coin
or currency notes or in both:

Provided that the
appropriate Government may, by notification in the Official Gazette, specify
the industrial or other establishment, the employer of which shall pay to
every person employed in such industrial or other establishment, the wages either
by cheque or by crediting the wages in his bank account.”

It is, therefore, published in public domain, as part of Pre-Legislative Consultation Policy, for the information of all persons likely to be affected thereby and notice is hereby given that the said proposal shall be taken into consideration after 16/12/2016.

Tuesday, November 22, 2016

Pls refer to my blog dated September 7 2016 ( http://blog.pcsmgmt.com/2016/09/esic-raises-wage-threshold-to-rs-21000.html where in labour ministry had declared that ESIC Limit will Increases from Rs 15000 to Rs 21000 on 6th Oct 2016 Draft rules were released & 30 days time limit was given for calling for objections & suggestion Yesterday in the Press Information Bureau Ministry of Labour & Employment Shri Bandaru Dattatreya declared that The Employees State Insurance Corporation(ESIC) has approved the enhancement of wage ceiling from present Rs. 15,000 per month to Rs. 21,000/-.

In the Employees’ Provident Funds Scheme, 1952, in paragraph 72, in sub-paragraph (6),-

(a) for the words “ceased to be employed”, the words “retired from service after attaining age of fifty-five years or migrated abroad permanently” shall be substituted;

(b) the words “or transfer, as the case may be” shall be omitted;

(c) after the proviso, the following new proviso shall be inserted, namely:-

Further a good Move by the labour Ministry where in one more provision has been inserted

“Provided further that if any amount becoming due to a member, as a result of supplementary contributions on account of litigation or default by the establishment or a claim which has been settled but is received back undelivered not attributable to the member, shall not be transferred to the inoperative account.”.

Dear all,In the indian Market many employees come from Bhutan & Nepal for Job & specially this employees are working in Security Guard etc & when and they were treated as International worker & the respective employee cant withdraw the respective dues when he leave the job & he has to wait till age 58 as per International Worker rules as framed under EPF act Considering the above fact & condition labour ministry & EPF Board of Trustees have made an amendment in Employees' Provident Funds (Fifth Amendment) Scheme, 2016In the Employees’ Provident Funds Scheme, 1952, in paragraph 83, in sub-paragraph (2), in clause (ja), after sub-clause (b), the following proviso shall be inserted, namely :-“Provided that the worker who is a Nepalese national on account of Treaty of Peace and Friendship of 1950 and the worker who is a Bhutanese national on account of India-Bhutan Friendship Treaty of 2007, shall be deemed to be an Indian worker.”In the Employees’ Pension Scheme, 1995, in paragraph 43A, in sub-paragraph (1), in clause (viia), after subclause (b), the following proviso shall be inserted, namely :-“Provided that the worker who is a Nepalese national on account of Treaty of Peace and Friendship of 1950 and the worker who is a Bhutanese national on account of India-Bhutan Friendship Treaty of 2007, shall be deemed to be an Indian worker.”Gazetted Copy :- Employees' Provident Funds (Fifth Amendment) Scheme, 2016

Dear EPS Pension Member no Pension will be credited without digital life certificate

From 1st November 2016, EPFO has launched the
facility of online submission of life certificate. It is mandatory to submit
the digital Life Certificate through jeevan Pramaan System life certificate.

The pensioners should carry the Aadhaar Card, Mobile phone, details of PPO and
Bank account number for hassle free submission of Digital Life Certificate.

The digital Life Certificate can be submitted at

1.Bank branches from where pensioners are drawing their pensions

2.Common Service Centres(CSC) of IT department, the list of CSC are available
at csc.gov.in

3.Jeevan Pramaan Centre, the Jeevan Pramaan centre can be located at
jeevanpramaan.gov.in

This process is Aadhaar based; therefore pensioners are advised to update their Aadhaar details to reflect the accurate Name, Father Name and Date of Birth. The
instructions and FAQs regarding the updation of Aadhar data are available on
the website www.uidai.gov.in

In case, the Aadhar details are accurate but they do not match with the details
in EPFO database, the Pensioners should forward an application to R.O. Of EPF from where the pension is disburse for change/modification of the concerned data along with the
supporting documents like School Leaving Certificate, PAN card, Aadhar Card,
Passport, Driving License, etc.

Please note that the payment of the monthly pension will be stopped after
31.12.2016, of those pensioners whose digital life certificates are not
received

Highlights

Earlier, an EPF account was considered inoperative if it was dormant for 36

From November 11, even these accounts will continue to accrue interest.

Pls refer to the circular as it was issued in November 2011 Pls see (Old Circular) where in an EPF account was considered inoperative if it was dormant for 36 months or more. Since April 1, 2011, inoperative accounts did not attract any interest. Thus, if an employee resigned and did not take up another job, or failed to transfer his account to the new employment, the funds in an idle EPF account did not earn him any interest.The notification has amended this scenario.

The provisions of the EPF scheme are now amended to provide that an EPF account will be considered inoperative only when the employee retires from service at 55 years or migrates abroad permanently , and in both cases does not make an application for withdrawal of the accumulated balance in his EPF account within 36 months. An account will also become inoperative on the death of the account holder.

The amendments will benefit employees who leave mainstream employment and take up self-employment to fulfil their entrepreneurial goals or take up employment with small employers not covered under EPF scheme.Such employees can now leave their EPF fund balance with the authorities and continue to receive interest. This change will create a new investment option for such employees

Monday, November 14, 2016

Dear allI have been receiving many calls in regards to pension disbursement in regards to Employee Pension Scheme , enclosed is the Pension Distribution agency State Wise as on 31st Mar 2015Thought of sharing the same

Tuesday, November 01, 2016

Dear all,During Pragati Review Meeting which was held on 26th Oct 2016 Hon'ble Prime Minister had showed his concern regarding delay in settlement of EPF/EDLI /EPS claims especially in Death casesHon'ble Prime Minister has instructed and ensured that all Death cases claims should be settle within a period of 7 days from date of submission of claim form All Death cases must be stamped as "DEATH CASE -TOP PRIORITY"

Saturday, October 08, 2016

Dear all ESIC Percentage for New Implemented areas reduce to 1 % Employee & 3 % Employer it is applicable only to the new areas which are implemented for the first time & district wise (i.e. from 1st May 2016 ) New areas implementation started district wise Pls refer to My blog as publish on 6th of Sep 2016 http://blog.pcsmgmt.com/2016/09/new-district-covered-esic.html1. Andhrapradesh:- 9 New District covered W.E.F from 1st Sep-20162. Bihar :- 16 New District covered W.E.F from 1st Sep-20163. Haryana :- 1 New District covered W.E.F from 1st July-20164. Jammu & kashmir :- 8 New District covered W.E.F from 1st Aug-20165. Karnataka :- 4 New District covered W.E.F from 1st Sep-20166. MadhyaPradesh :- 22 New District covered W.E.F from 1st Sep-2016

Thursday, October 06, 2016

Please be informed that The Government of Bihar through its notification dated 30th September 2016, has announced Variable Dearness Allowance & Minimum wages for different categories of employees employed in 69 scheduled employments, with effect from 1st October 2016Notification:-Bihar Minimum Wages 1st Oct 2016 to 31st Mar 2017

The following rates of minimum wages shall be applicable in respect of unskilled, semiskilled and skilled categories in all schedules employments except employment in the establishments where the workers are given facilities of meals or lodging or both by the employer

Category

Rates as on 01.04.2016(Rupees)

Dearness Allowances (pm) w.e.f 01.10.2016 (Rupees)

Rates from (Rupees) 01.10.2016

Per-Month

Per-Day

Un-skilled

9568.00

156.00

9724.00

374.00

Semi skilled

10582.00

182.00

10764.00

414.00

Skilled

11622.00

208.00

11830.00

455.00

The following rates of minimum wages shall be applicable in employment in establishments where the workers are given facilities of meals of lodging or both by by the employer

Category

Rates as on 01.04.2016(Rupees)

Dearness Allowances (pm) w.e.f01.10.2016 (Rupees)

Rates from (Rupees) 01.10.2016

Per-Month

Per-Day

Un-skilled

(i)9412.00

156.00

(i)9568.00

(i)368.00

(ii)8710.00

(ii)8866.00

(ii)341.00

(iii)8606.00

(iii)8762.00

(iii)337.00

Semi skilled

(i)10426.00

182.00

(i)10608.00

(i)408.00

(ii)9620.00

(ii)9802.00

(ii)377.00

(iii)9516.00

(iii)9698.00

(iii)373.00

Skilled

(i)11440.00

208.00

(i)11648.00

(i)448.00

(ii)10582.00

(ii)10790.00

(ii)415.00

(iii)10452.00

(iii)10660.00

(iii)410.00

(i)Where only lodging is provided (ii) where only meals twice a day is provided (iii) Where both meals and lodging are provided.

The following rates of minimum wages shall be applicable in respect of Clerical and Supervisory Staffs in all Scheduled Employments

Day Care Facilities as per New Maternity Act 2017

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